Alliance co-founders reiterated that the cryptocurrency market may face a pullback of over 50%.

Alliance co-founder @QwQiao recently reiterated his warnings about the cryptocurrency market, stating that he "pretty much" agrees with his previous predictions. He warned that the next bear market would be more severe than most people expect, primarily due to a large amount of "dumb money" with little knowledge of cryptocurrencies buying into digital asset trading platforms (DATs) and ETFs. He believes this situation "will never end well" and predicts the market may need to experience a 50% pullback before it can build a solid foundation and resume supercycle growth after these investors liquidate their positions. While he didn't give a specific timeframe, this reiteration demonstrates his continued conviction in this prediction.